-The Economic Times NEW DELHI: Monsoon rainfall, crucial for food production in India, is expected to intensify in the future and the rainy season is likely to be longer, according to the draft report by the Intergovernmental Panel on Climate Change. A leaked draft of the first of three reports comprising the Intergovernmental Panel on Climate Change's Fifth Assessment Report states while monsoon circulation is likely to weaken, monsoon precipitation is likely...
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Inflation at 6-month high on onions
-The Times of India NEW DELHI: The rate of inflation accelerated to a six-month high in August on the back of spiralling onion prices, posing yet another challenge for RBI ahead of the monetary policy review as it struggles to tame volatility in the foreign exchange market. Data released on Monday showed the wholesale price index (WPI) rose an annual 6.1% in August, higher than previous month's 5.79%. The inflation rate...
More »WPI, CPI divergence seen in food inflation-Partha Sinha
-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
More »Onions drive inflation to six-month high at 6% in August-Somesh Jha
-The Business Standard Central bank chief Raghuram Rajan likely to retain stance later this week, say economists Inflation in onions skyrocketed to 244.62% in August against already high 119.4% in the previous month, jacking up the the rate of wholesale price rise to a six-month high of 6.10% from 5.8% in July, official data showed today. Ironically, onion prices can't be brought down by interest rate policy, but it is all set to...
More »Manmade famine kills mother, child -Vishvendu Jaipuriar
-The Telegraph Hazaribagh: A 40-year-old mother of two died of starvation at Hazaribagh Sadar Hospital this morning, two days after her daughter died of the same reason at their village home 7km from district headquarters, in a country where National Food Security Bill, 2013, received Presidential assent on September 10. Despite so-called safety nets - existing flagship welfare provisions such as BPL card, MGNREGS and a host of other subsidy, pension, assistance,...
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